Originally Posted by
gr8vu
As for VA loans--been there, done that and have little desire to do the drill and pay the fees. Appreciate info and discussion above.
Just an FYI...VA rate pricing is significantly better at this time than Conventional pricing. Often I can pay the VA funding fee and all closing costs with a rate that is lower than Conventional. Just depends on the loan value and your credit scores.
As far as hoop jumping to obtain the loan, since the mortgage crisis, all loan programs involve a fairly significant amount of documenation. There isn't the big difference between what's involved for VA vs Conventional anymore.